A sidetrack agreement insurance policy is a type of insurance policy that specifically covers railroad sidetracks. These sidetracks are commonly used for loading and unloading freight from trains and can be found across the United States. However, they can also be a source of liability for property owners who have them on their land.

When a railroad company requires the use of a sidetrack on private property, a sidetrack agreement is usually created between the property owner and the railroad company. This agreement outlines the responsibilities of both parties in regards to the sidetrack, including maintenance, repairs, and liability. In many cases, the railroad company will require the property owner to maintain their own insurance policy to cover any potential accidents or incidents that may occur on the sidetrack.

This is where a sidetrack agreement insurance policy comes in. This type of policy is designed specifically to cover the liability of property owners in the event of an accident involving the sidetrack. It provides coverage for any damages or injuries that may occur to third parties while on the sidetrack, including employees of the railroad company or other individuals using the sidetrack for loading or unloading freight.

One important thing to note is that a sidetrack agreement insurance policy is typically separate from a property owner’s general liability insurance policy. While a general liability policy may provide some coverage for accidents that occur on the property, it may not provide coverage specifically for the sidetrack. As such, property owners with sidetracks on their land should consider purchasing a separate policy to ensure that they are adequately covered.

Overall, a sidetrack agreement insurance policy is an important type of coverage for property owners with sidetracks on their land. By ensuring that they have the right insurance in place, property owners can protect themselves from potential liability issues and ensure that they are able to continue using their land for commercial purposes.